TPR agrees £770m settlement for Sanofi Pension Scheme

The agreement will help protect the benefits of 16,500 members in the underfunded scheme

Hope William-Smith
clock • 2 min read

The Pensions Regulator (TPR) has worked with Sanofi Pension Scheme trustees to secure a guarantee package with substantial deficit repair contributions following ongoing concerns about its progressively weakened direct covenant.

A regulatory intervention report published by the regulator today (15 June) showed Paris-based healthcare company Sanofi's defined benefit scheme is now set to receive additional protection of up t...

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